Hi onloker1,Its not a matter of being bored but you doing your...

Hi onloker1,

Its not a matter of being bored but you doing your maths on possible outcomes in relation to the royalties factor has got you excited and wanted to share with us. THANKS.

We all did not look at the royalty factor that governs the agreement. I admit this too. Just having been working on basic paid %age tonnages done by the mill. Still showed profit but as your model suggests that if good grades are hit we don't need big tonnages to make the $1/2M or the $500K if lost. Imagine if a sweet spot found of excellent grades and say alone 4000Ts sent to the mill, what a bonanza revenue received for the month.

Out of curiosity it was $2000/concession from January. How many concessions does this entail.???

Would the 6 or 7% royalty be better economics rather than the $2000/concession.???